Modern energy llc Uruguay

Who is modern energy®?

Modern Energy® is a diversified clean energy company that launches, scales and operates energy transition platforms to help the world reach a carbon-free economy. We partner with early-stage entrepreneurs and developers. Our Capital + Culture + Capabilities approach is tailor-made to accelerate new platforms quickly and efficiently.

Is Uruguay a repeatable framework of energy sovereignty for developing countries?

Ramón Mendéz Galain believes so. Uruguay’s former national director of energy in the Ministry of Industry, Energy and Mining, who was the impetus for the country’s shift away from dirty fuels, has been promoting the country’s success as a repeatable framework of energy sovereignty for developing countries.

Does Uruguay have fossil fuels?

A relatively small nation spanning 175,000 square kilometres (76,568 square miles) with a population of 3.4 million – 96% of whom live in urban centres – Uruguay has no significant fossil fuel reserves. Fortuitously, its geography makes it ideal for utilizing powerful rivers and uninterrupted grasslands for wind energy.

Why is modern energy certified?

Modern Energy was certified by the non-profit B Lab to meet rigorous standards of social and environmental performance, accountability, and transparency. We’ve evaluated how our practices impact our employees, our community, the environment, and our customers.

Is Ute a monopoly in Uruguay?

But on its own, it wasn’t enough. Uruguay’s National Administration of Power Plants and Electrical Transmissions, better known as UTE, owns and operates the transmission, distribution, and sale of electricity. Founded in 1912, it was the legally sanctioned monopolist of production until 1977 with the passage of the Electricity Act.

Does Uruguay export energy to Brazil and Argentina?

Once a net importer of energy, Uruguay now exports its surplus energy to neighbouring Brazil and Argentina. Help us continue providing unbiased, in-depth coverage on climate change. Your donation ensures our newsroom remains independent and free from corporate influence.